JPMorgan’s ‘Whale’ and Two Colleagues Exit Bank (WSJ)

London-based employees involved in big trading loss no longer with bank.

Bruno Iksil, the London-based trader whose big bet on corporate credit led to large losses for JPMorgan, is no longer with the bank, the Wall Street Journal reports. Iksil and two London colleagues in the chief investment office of JPMorgan’s treasury, Achilles Macris and Javier Martin-Artajo, are no longer listed in the bank’s internal employment database.

After the multibillion-dollar loss was uncovered, the three men no longer traded for the bank, but remained employed as the trades were unwound. According to the WSJ, JPMorgan has unwound 80% to 90% of the trades.


For the full story.




Advertisement. Closing in 15 seconds.